Core Points - Feutune Light Acquisition Corporation has extended the deadline for completing its initial business combination from May 21, 2024, to June 21, 2024, by depositing $60,000 into its Trust Account [1] - The Company can extend the deadline on a monthly basis until December 21, 2024, by depositing $60,000 for each month into the Trust Account [2] - On May 22, 2024, the Company issued two promissory notes totaling $150,000 to secure loans for general corporate expenses related to the ongoing business combination [3] Company Overview - Feutune Light Acquisition Corporation is a blank check company formed in Delaware, aimed at executing mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with various businesses [4] - The Company is not limited to a specific industry or geographic region for identifying target businesses but is prohibited from engaging in initial business combinations with entities based in or primarily operating in China, including Hong Kong and Macau [4]
Feutune Light Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination and Issuances of Promissory Notes